Brrrr Investing Starting with Cash
When hearing discussions around BRRRR Investing, I never seem to hear many details on what options are available for purchasing the first unit. Would it make sense to pay cash for the first unit, then refi after acquiring a tenant? It seems like a traditional lender would be more inclined to do a cash out refi on a unit owned outright with a paying tenant. Thoughts?
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@Marlon Johnson my first was a duplex. Here is a link to a thread with the full story. See middle of the page for my full description. https://www.biggerpockets.com/forums/67/topics/427862-questions-about-brrrrr-method
I have 14 now. (9 apartments, 2 houses, 2 townhouses and 1 convenience store)